Tl Will Continue To Evaluate Non Core Assets And Take Prudent Decisions Re Balance Its Portfolio Optimise Capital Allocation Commenting On This Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mumbai (Maharashtra) [India], September 27 (ANI/PRNewswire): STL [NSE: STLTECH] one of the industry's leading integrators of digital networks, today announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segments of optical solutions and global services. With a strategic intent to play to its core, STL will sell its equity in IDS to Hexatronic Group AB, for an initial consideration and an earn-out upside. Over the past few years, IDS has been operating in certain niche areas of the data-centre market, primarily inside-data-centre connectivity and containment solutions. This move will help IDS achieve future success and enable STL to strengthen its core business and balance sheet. Going forward, STL will continue to evaluate non-core assets and take prudent decisions to re-balance its portfolio and optimise capital allocation. Commenting on this development, Ankit Agarwal, MD, STL said, "As we ta ....

United Kingdom , Ankit Agarwal , Impact Data Solutions Limited , Hexatronic Group , Mumbai Maharashtra India , Eptember 27 Ani Prnewswire Stl Nse Stltech One Of The Industry 39s Leading Integrators Digital Networks , Oday Announced Its Divestment Of Impact Data Solutions Limited Ids , Sa Part Of Its Consolidated Strategy To Focus On Core Business Segments Optical Solutions And Global Services Witha Strategic Intent Play , Tl Will Sell Its Equity In Ids To Hexatronic Group Ab , Or An Initial Consideration And Earn Out Upside Over The Past Few Years , Ds Has Been Operating In Certain Niche Areas Of The Data Centre Market , Rimarily Inside Data Centre Connectivity And Containment Solutions This Move Will Help Ids Achieve Future Success Enable Stl To Strengthen Its Core Business Balance Sheet Going Forward , Tl Will Continue To Evaluate Non Core Assets And Take Prudent Decisions Re Balance Its Portfolio Optimise Capital Allocation Commenting On This Development , Ankit Agarwal , Tl Said , Uot As We Take Our Company Towards Focused Growth In This Decade Of Network Creation , Ur Efforts And Capital Allocation Will Be Fully Aligned Towards Optical Global Services Businesses We Continue To Calibrate Realign Our Portfolio Enhance Profitability , Increase Shareholder Value , Nd Drive Towards Our Purpose Of Transforming Billions Lives We Are Proud The Value That Have Co Created With Ids And Wish Them Best For Future Quot Stl Is An Industry Leading Integrator Digital Networks Helps Telcos , Cloud Companies , Itizen Networks And Large Enterprises Deliver Enhanced Experiences To Their Customers Read More , Ontact Us Stl Tech Twitter Linkedin Youtube This Story Has Been Provided By Prnewswire Ani Will Not Be Responsible In Any Way For The Content Article ,